Have the co-op take out a loan for 60% of building value, then charge buyers 20% of value in cash for each unit. 

I'm out of Fairmont MN also, been building a portfolio of apartment buildings in the area.

All will tell you they do this to build their business.This is what I do when I attend a REI club: Go early.

Multifamily is all about relationships, and it sounds like you’re building the right foundation.

@Heather Bailey while I live in my duplex, I have a standard Hazard insurance policy and I also carry an additional 500k umbrella policy (optional); both policies cover the entire building, but there's no separating it. 

As a realtor in the Boston area for the last ten years, and successful AirBnB owner up in NH, I’m ready to shift my focus to building a strong cash flowing portfolio.  

I’m primarily in relatively upscale buildings which helps minimize my repairs and maintenance.

Maybe they’ll build a wall around DC so that he can better control his new Kingdom!  

You are doing the right thing to build relationships first! 

Valuing your time and understanding your limits and skills will make a big difference in the equity you build, the quality of the work and your sanity.